Examlex
Which of the following is FALSE?
New-Product Strategy Development
New-Product Strategy Development involves the process of designing, creating, and bringing a new product or service to the market, ensuring it aligns with the company's overall strategy and consumer needs.
Marketing Environment
The outside factors and forces that affect a company’s ability to meet its marketing goals. Those forces include political, economic, demographic, sociocultural, technological, and legal factors.
Adoption Process
The sequence of steps a consumer goes through, from first becoming aware of a new product or service to finally making the purchase and using it.
Awareness
The degree of consumer recognition of a product, brand, or company, often influenced by marketing and advertising efforts.
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